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The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.
The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) is for Singapore's economy to grow 3.5% this year, down from a forecast of 3.8% in June's survey.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Diesel costs 8.79 ringgit ($1.86) a liter in neighboring Singapore and more than 4 ringgit ($0.86) in most other regional countries. It is heavily subsidized at 1.09 ringgit ($0.23) in oil-rich Brunei
It generated an estimated S$57 billion dollars in 2009. Technology used for oil refinement and trading centres in Singapore is on the cutting edge, and many well-established petroleum businesses, such as Exxon Mobil and Lanxess , are based in Singapore, owing to the country's "safe environment" and ideal trading location.
The Asian financial hub's economy grew 4.8% in April-July, according to advance estimates from the Ministry of Trade and Industry (MTI), faster than the 4.0% revised growth figure seen in the ...
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SINGAPORE (Reuters) -Singapore maintained its forecast for the economy to expand 3-5% this year as the city-state's recovery from the pandemic slump continues, although officials flagged downside ...